Advertisement
Published in:
2001 | OriginalPaper | Chapter
Internal Control and the Globalization of Financial Markets
Author : Dimitris N. Chorafas
Published in: Implementing and Auditing the Internal Control System
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
One of the missing links in effective globalization of financial markets is the ability of internal control systems to span the whole network of a company’s operations — for any transaction or position, anywhere in the world, at any time. Steady tracking is important because fully or partly controlled instruments and subsidiaries abroad represent a major part of the risk taken by the parent company, contrary to the generally held opinion that they only represent ‘added income’.